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20131202
20131210
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
CNBC
Dec 7, 2013 4:00am EST
immigrant workers to come by these days, especially if they're working off the books. however, at the end of the day, it wasn't competition that caused this hideous selloff from xoom. it was yolanda, the horrible, tragic super typhoon that slammed into asia. after the typhoon hit, seven different provinces in the philippines were not just a state of emergency, but national calamity. that's their term, not mine. the damage was immense. and the government had to send in tanks just to maintain order. that's awful, but what's it got to do with xoom? everything. xoom gets about 35% of the revenues from the philippines. and this kind of natural disaster can seriously disrupt their business. this has hurt the company. i think it'll take a couple of quarters before they can recover. i do like xoom's model, though. but we've seen this is a very risky stock. far from being concerned about money gram and western union, i think xoom is its own worst enemy. it's not diversified. getting about 70% of the business from three countries. the stock could be worth circling back for speculation, but not unti
Search Results 0 to 2 of about 3 (some duplicates have been removed)